Bears target new lows for Ethereum as Friday’s $1.1B options expiry approaches
ETH bulls will need to keep searching for positive news, especially as bears apply extra pressure ahead of Friday’s $1.1 billion monthly options expiry.
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ETH bulls will need to keep searching for positive news, especially as bears apply extra pressure ahead of Friday’s $1.1 billion monthly options expiry.
BTC price briefly flashed bullish, but derivatives data show bear are in control of January’s $2.3 billion monthly options expiry.
A key risk indicator for BTC options hit its highest level in six months, possibly signaling that $32,930 was the bottom.
Regulatory uncertainty and tighter monetary policies continue to weigh on BTC price, but data shows bulls are attempting to provoke a reversal.
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over.
Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.
ETH price could hit new lows near $3,600, but derivatives data suggests pro traders still feel bullish.
Bitcoin, altcoins and stocks rallied shortly after the Fed laid out its policy roadmap for 2022, but bears still have an advantage in this week $755 million options expiry.
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over.
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry.